State Bank of India stock fell 1.01 percent on October 7

Published on 10/07/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

State Bank of India stock was trading at INR 949.05 on October 7, 2026, down 1.01 percent. Q1 FY27 revenue rose 3.9 percent quarter over quarter.

SBI, INE062A01020, Illustration mit AI erstellt.

State Bank of India (ISIN INE062A01020) was trading at INR 949.05 on the NSE on October 7, 2026 at 1:45 p.m. IST, down 1.01 percent from the prior close of INR 958.75. The latest operating picture is stronger: StockFin reported Q1 FY27 revenue of INR 1.36 trillion, up 3.9 percent quarter over quarter.

Q1 FY27 profit expands

According to StockFin, State Bank of India generated Q1 FY27 net profit of INR 245.79 billion, compared with INR 216.27 billion in Q1 FY26. Operating profit reached INR 386.32 billion in the June 2026 quarter, while the operating margin was 28.4 percent.

The earnings mix matters because the bank is expanding loan activity while keeping profitability central to its investor message. State Bank of India serves retail, corporate, treasury, agricultural and international banking customers, with digital lending and mobile banking among its operating businesses, according to HDFC Sky.

Consensus target stays higher

The valuation discussion remains constructive but does not erase the stock move. Investing.com shows a Strong Buy consensus from 40 analysts, with an average 12-month price target of INR 1,261.82, a high estimate of INR 1,390 and a low estimate of INR 1,120.

That target range gives investors a clear counterweight to the October 7 quote. The bank's reported Q1 FY27 revenue growth of 3.9 percent quarter over quarter is the immediate operating comparison, while the next test is whether loan growth can continue without pressure on margins.

NSE stock remains inside yearly range

State Bank of India was trading at INR 949.05 on the NSE on October 7, 2026 at 1:45 p.m. IST, with volume of 7,340,960 shares. Its 52-week range was INR 857.25 to INR 1,234.70, and market capitalization stood at INR 8.8 trillion.